VietNamNet Bridge – The Executive Board of the Asia Commercial
Bank on September 19 agreed on the resignation of its three members, Chairman
Tran Xuan Gia for health reason and Vice Chairmen Le Vu Ky and Trinh Kim Quang
for personal reasons.
An ACB press release said the
three approved the authorisation for 19 ACB employees to deposit 718 billion
VND (34 million USD) with Vietinbank by Ly Xuan Hai, who was then CEO of ACB.
The ACB Executive board selected
Tran Hung Huy as the new chairman and Julian Fong Loong Chon and Luong Van Tu
as vice chairmen.
Meanwhile, at the joint stock
Eximbank Vietnam, Chairman Le Hung Dung said the bank accepted the resignation
of its Vice Chairman Pham Trung Cang for personal reason.
Cang represented a group of ACB
shareholders who owned less than 10 percent of Eximbank’s total equities.
Chairman Dung suggested the
resignation was related to Cang’s approval of a deposit violation by former ACB
CEO Ly Xuan Hai, who was arrested last month.
He added that the resignation,
which awaits approval from the State Bank of Vietnam, would have little impact
on the bank’s operation as it had other competent executive members.
VietNamNet/Vietnam Plus
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